UEFA and CONCACAF Urge FIFA to Pay 2.1 Billion
The article focused on the call made by Alexander Čeferin, President of the European Union, along with Victor Montagliani, President of the North and Central America and Caribbean Confederation, for an independent review of FIFA's financial reserves. They also proposed distributing $2.1 billion to all 211 member associations to support the development of football and infrastructure during the 2027-2030 cycle. This came after the cancellation of the "FIFA Forward Enterprise" project, which aimed to sell a stake in FIFA's tournaments to external investors and was widely criticized, raising doubts about the necessity of the new deal. They noted that FIFA currently holds reserves amounting to around $6 billion, the highest in its history, with the possibility of distributing a significant portion to national associations, while ensuring reserves do not fall below $1.5 billion during the upcoming cycle. The call for an independent review aims to ensure transparency and assess the necessity of the project before making future financial decisions.
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